ECOFOAM
The computed 12-month bankruptcy probability of ECOFOAM is 2.8% (moderate). The 2024 annual accounts show equity of €86k and a net result of €-53k. Equity is growing by ~50.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 11063 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €86k |
| Net result | €-53k |
| Better than sector | 24% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.4% | 40.9% | |
| Net result | €-53k | €11k | |
| Equity | €86k | €34k | |
| Gross operating margin | €253k | €35k | |
| Staff costs | €249k | €25k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-6k |
| Net profit | €-53k |
| Cash flow | €-13k |
| Staff costs | €249k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €470k |
| Equity | €86k |
| Debt | €383k |
| of which ≤ 1y | €373k |
| of which > 1y | €10k |
| Working capital | €-171k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.54 |
| Quick ratio | 0.51 |
| Working capital ratio | -36.5% |
| Solvency | 18.4% |
| Debt / equity | 4.43 |
| Long-term debt ratio | 0.12 |
| Interest coverage | -0.54 |
| Gross margin | - |
| Net margin | - |
| ROA | -11.4% |
| ROE | -61.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €470k |
| Fixed assets | 21/28 | €268k |
| Tangible fixed assets | 22/27 | €63k |
| Financial fixed assets | 28 | €205k |
| Current assets | 29/58 | €202k |
| Stocks & contracts in progress | 3 | €13k |
| Amounts receivable within one year | 40/41 | €183k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €470k |
| Equity | 10/15 | €86k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €85k |
| Amounts payable | 17/49 | €383k |
| Amounts payable after one year | 17 | €10k |
| Amounts payable within one year | 42/48 | €373k |
| Trade debts payable within one year | 44 | €57k |
| Income statement | ||
| Gross operating margin | 9900 | €253k |
| Operating result | 9901 | €-47k |
| Financial income | 75 | €7k |
| Financial charges | 65 | €12k |
| Result before taxes | 9903 | €-51k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-53k |
| Result to be appropriated | 9905 | €-53k |
-
Current01-10-2025 → present
Former directors (2)
-
Former15-02-2022 → 01-10-2025
3 events
- 01-10-2025 Resigned· Director
- 15-02-2022 Appointed· Director
- 28-05-2021 Resigned· Managing director
-
Former- → 15-02-2022
| NACE primary | Specialised construction(43230) |
| Legal form | Private limited company(610) |
| Incorporation | 21-08-2020 |
| Status | Active |
| Postal code | - |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0030/00S000 ProtectedMonumentUniversitair ziekenhuis Sint-Pieter |
Brussels | 1,312 m² | 1 · 1,250 m² | 24.4 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
13-11-2025 1 director appointed, 1 resigning
- UNAL Dogan, Bestuurder
- Nadim Jamshaid, Bestuurder
Technical details
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}18-03-2022 1 director appointed, 1 resigning
- NADIM JAMSHAID, Bestuurder
- MUHAMMAD AMMAIR, Gedelegeerd bestuurder
Technical details
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}09-08-2021 Nadim JAMSHAID resigns as managing director
- Nadim JAMSHAID, Gedelegeerd bestuurder
Technical details
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"effective_date": "2021-05-28",
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}
}25-08-2020 Incorporation of a new SRL
Technical details
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"founders": [
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"share_class": "Ordinary",
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],
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"initial_directors": [],
"incorporation_date": "2020-08-21",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | ECOFOAM |